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Drone startup BonV Aero secures funding from Unicorn India Ventures
Economic Times
·
6m ago
Medial
BonV Aero, a drone startup backed by US venture capitalist Tim Draper, has secured investment from Unicorn India Ventures. The funding will support the Odisha-based company's research in eVTOL and autonomous drone technologies for defense, logistics, and emergency response. BonV Aero, known for its high-payload eVTOLs and autonomous drones like the Air Orca used by the Indian Army, aims to enhance R&D and production capabilities through this investment. The startup's valuation and funding amount remain undisclosed.
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Aerial Logistics Drone startup BonV Aero raises INR 6 Crore Round led by Inflection Point Ventures
Startup News FYI
·
1y ago
Medial
Aerial logistics drone startup BonV Aero has raised INR 6 Crore in a funding round led by Inflection Point Ventures (IPV). The funds will be used to conduct client demonstrations, expand the team, and invest in research and development to enhance products and advance power plants. BonV Aero specializes in electric vehicles for goods and passenger transportation, focusing on challenging terrains like the Himalayas. The company aims to address critical needs such as defense logistics, disaster relief, and supply chain logistics. BonV Aero has already achieved recognition in various competitions and is actively conducting product trials with the Indian Army.
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Bhubaneswar startup BonV Aero to supply drones for US Defence
Inshorts
·
4m ago
Medial
BonV Aero, a Bhubaneswar-based drone startup, has made a historic entry into the US defence market through the I2A Launchpad programme. The company, known for its autonomous logistics drones, aims to collaborate with the US Department of Defence. BonV Aero’s innovation showcases India's technological prowess, marking a proud moment for Odisha and Indian aerospace on the global stage.
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Startup BonV Aero drives drone innovation with support from STPI
Economic Times
·
8m ago
Medial
Bhubaneswar-based deeptech startup BonV Aero, known for manufacturing logistics drones for the defence sector, has achieved significant growth. The startup received $1.6 million in funding from the TV show Meet the Drapers, and has also secured funding from various investors. BonV Aero owes its success in part to the support of Software Technology Parks of India (STPI), which mentored and incubated the startup. STPI is now focused on supporting technology startups outside of established hubs, aiming to democratize technology innovation and entrepreneurship. Through initiatives like Next Generation Incubation Scheme and Leap Ahead, STPI provides funding, mentorship, and networking opportunities to startups across various industries.
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IIT Delhi-incubated deeptech startup Green Aero secures 1.6 million from pi Ventures - The Economic Times
Economic Times
·
1m ago
Medial
Green Aero, a deeptech startup incubated at IIT Delhi, raised $1.6 million in seed funding led by pi Ventures, with Antler participating, to develop next-generation propulsion systems for defense and hydrogen-powered aviation. The funds will support R&D, in-house testing, and team expansion. The startup plans to commercialize its first small-category engine within 12 months and aims to advance indigenous propulsion technologies for aerospace, naval, and civil aircraft, marking a significant step in India’s aerospace innovation.
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Mobility startup Pumpumpum raises Rs 2 Cr led by IPV
Entrackr
·
1y ago
Medial
Fintech mobility startup Pumpumpum has raised Rs 2 crore in a new round led by Inflection Point Ventures (IPV). Previously, the startup had raised $2 million in equity from LC Nueva Investment Partners, Founders Room Capital, LetsVenture and others in June 2022. The proceeds will be used for growth in operations, geographical reach, technological advancements, marketing endeavors and overall organizational development. Founded in 2018 by Tarun lawadia and Sameer Kalra, PumPumPum works in B2B2C & B2C pre-owned car leasing model. It offers a subscription-based platform that prioritizes consumer convenience, flexibility, and affordability. Through the integration of technology and data analytics, the firm delivers an easy and personalized experience for accessibility and convenience. Earlier this month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round. Its recent investments include BonV Aero, AllTrak, Onedioss, among others.
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Jeh Aerospace raises $2.75 million in funding round led by General Catalyst
Economic Times
·
1y ago
Medial
Indian aerospace and defense manufacturing startup, Jeh Aerospace, has secured $2.75 million in a seed funding round led by General Catalyst. Former executives from Boeing India and Airbus India also participated in the round. The funds will be used to build infrastructure, support growth, and expand the company's team. Jeh Aerospace provides solutions for the aerospace and defense industries, specializing in aero-structure and aero-engine components and assemblies. The startup plans to open a new manufacturing facility soon.
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PeLocal secures $2 million funding led by Unicorn India Ventures
Economic Times
·
8m ago
Medial
Chennai-based payment solutions provider PeLocal has raised $2 million in a funding round led by Unicorn India Ventures. The startup enables ecommerce transactions through messaging platforms like WhatsApp and aims to scale its monthly transaction numbers from three million to 10 million in the next year. PeLocal plans to build a marketing catalogue and a dedicated small business payments platform on WhatsApp. The company's offerings have been adopted by clients such as Delhi Metro, Indraprastha Gas, and Mahanagar Gas, as well as multiple insurance companies. PeLocal previously raised $1 million in a seed round.
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Odisha startup launches fully autonomous logistics drone service
Economic Times
·
9m ago
Medial
Bon V Aero, an Odisha-based startup, has launched Air Orca, a fully autonomous logistics drone service. The drone is designed to tackle logistical challenges in areas where traditional transportation methods are impractical. It can serve as a first responder during post-disaster scenarios by delivering relief supplies and offering critical support. Air Orca aims to address logistics needs across sectors such as healthcare, ecommerce, military logistics, and disaster management globally. The drone was developed and manufactured in India, and it has already set a world record by lifting a 30 kg payload at a challenging altitude of 19,024 feet.
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Hudle raises Rs 7 Cr in pre-Series A round
Entrackr
·
1y ago
Medial
Sportstech platform Hudle has raised Rs 7 crore in its pre-Series A round led by Inflection Point Ventures and Sky Impact Capital. The round also saw participation from Survam Partners and Anay Ventures. The proceeds will be used for footprint expansion, product enhancements and marketing efforts, the company said in a press release. Founded by Suhail Narain, Arjun Singh Verma and Sonam Taneja, Hudle is a sports tech platform catering to the preventive healthcare market. It helps sports and fitness enthusiasts to discover venues in their hyper local markets, book sports activities and connect with like-minded individuals to form communities. Backed by brand ambassadors like Ajinkya Rahane, Hudle claims to have facilitated over one lakh games per month across 1,300 venues in 60 cities. It has an engaged community of over five Lakh players. Last month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round and fintech mobility startup Pumpumpum. Its recent investments include BonV Aero, AllTrak, and Onedioss, among others. According to data intelligence platform TheKredible, Inflection Point Ventures emerged as the most active investors in Q1 2024 with 11 investments. Blume Ventures, Venture Catalysts and Fireside Ventures were next on the list.
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Tim Draper-backed Bon V Aero launches logistics drone
Economic Times
·
9m ago
Medial
Indian deep tech startup Bon V Aero has unveiled an autonomous logistics drone called Air Orca. Developed with advanced autonomous capabilities and manufactured in India, the drone aims to address logistical challenges in sectors such as healthcare, e-commerce, military logistics, and disaster management. Air Orca is designed to be a first responder in post-disaster scenarios and can deliver relief supplies to affected areas. It also has high-altitude capabilities for military logistics operations. The launch of Air Orca highlights the growing role of Indian companies in the technology ecosystem and signifies the recognition of localized innovation.
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